Volunteer Bancorp, Inc. (the “Company”), parent company of Rogersville, TN-based Civis Bank, has hired Banks Street Partners, LLC (“BSP”) as financial advisor to assist with a review of strategic alternatives, including a potential sale of the Company. BSP is advising the Company’s Board of Directors on potential transactions, including but not limited to an equity recapitalization or a merger transaction.
BSP is an Atlanta-based advisor to financial institutions throughout the greater South.
Volunteer Bancorp, Inc. is the parent of Civis Bank, which traces its community banking roots to 1906. The Company serves the Tri-Cities and Knoxville markets through branch locations in Rogersville, Sneedville and Church Hill, as well as a loan production office in Knoxville. As of year-end 2016, Civis had $105.4 million in total assets and $99.4 million in locally based deposits.
For further information, please contact:
Senior Vice President
Banks Street Partners, LLC
(404) 432-1997 (mobile)
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